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89-100 Ordinance
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89-100 Ordinance
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1/11/2014 12:31:12 PM
Creation date
1/2/2014 3:01:45 AM
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North Olmsted Legislation
Legislation Number
89-100
Legislation Date
12/6/1989
Year
1989
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<br /> <br />EXHIBIT A <br />UNITED STATES OF AMERICA <br />STATE OF OHIO <br />CITY OF NORTH OLMSTED <br />ADJUSTABLE RATE INDUSTRIAL <br />DEVELOPMENT REVENUE BONDS <br />(THERM-ALL, INC. 1989 PROJECT) <br />NO. R- <br />Maturity Date: Dated as of: <br />August 1, 2004 DATE OF INITIAL DELIVERY <br />CUSIP NUMBER: <br />The City of North Olmsted, Ohio (the "Issuer"), a city and <br />political subdivision of the State of Ohio, for value received, <br />promises to pay to or registered <br />assigns, but solely from the sources and in the manner referred <br />to herein, the principal amount of <br />DOLLARS <br />on the aforesaid Maturity Date, unless this Project Bond is <br />called for earlier redemption, and to pay from those sources <br />interest thereon at the rate per annum determined as described on <br />the reverse side of this Project Bond. Initial interest on the <br />Project Bond shall accrue from the date of delivery of the <br />Project Bond to, but not including, February 1, 1990. Interest <br />on this Project Bond is payable on the first day of each February <br />and August, as long as the interest rate hereon is calculated <br />pursuant to the Six Month Interest Rate, the One Year Interest <br />Rate, the Five Year Interest Rate or the Fixed Interest Rate (as <br />such terms are hereinafter defined), commencing February 1, 1990, <br />until the principal amount is paid or duly provided for. For any <br />period of time which this Project Bond bears interest at the <br />Weekly Interest Rate, the One Month Interest Rate or the Three <br />Month Interest Rate (as such terms are hereinafter defined) <br />interest hereon shall be payable on the first Business Day, as <br />hereinafter defined, of each month. Any date established for the <br />payment of interest as described above is hereinafter referred to <br />as an "Interest Payment Date". The interest payable hereon on <br />each Interest Payment Date shall be for the period commencing on <br />the applicable Interest Payment Date to and including the day <br />immediately preceding the next Interest Payment Date. Interest <br />shall be calculated on the basis of a 360-day year and twelve 30- <br />day months; provided that should the interest hereon be payable <br />at the Weekly Interest Rate, the One Month Interest Rate or the <br />Three Month Interest Rate, interest shall be calculated on the <br />basis of a year of 365 days or 366 days, as applicable, for the <br />-1- <br />
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